Rank #1: 1361 FBF: Mini Client Case Studies
Today's Flash Back Friday comes from Episode 1001, originally published in May 2018.
Creating Wealth's 1001st episode is a time to take a look back at the people who have made this show possible: the listeners and clients. Jason has been blessed to have such great clients who come on the podcast to tell other listeners about their real estate journey. Today we've curated some mini client case studies as we look back at what actual real estate investors have to say about their experience working with Jason.
Jan 03 2020
Rank #2: 1360: Population Growth & Building A Vibrant Community & Hardwiring Excellence, Purpose, Worthwhile Work, Making a Difference by Quint Studer
Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us.
Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed.
[2:43] 3 basic things that comprise population trends
[7:56] Construction in the 2010s was virtually non-existent
Quint Studer Interview:
[14:23] The components of Pensacola's turnaround
[17:58] In the midst of the Retail Apocalypse, what is actually working in retail?
[21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen
[24:28] There needs to be heavy investment into skill development
Jan 02 2020
Rank #3: 1359: Real Estate Investing Goals for the New Decade
Jan 01 2020
Rank #4: 1332: FICO Scores, Florida Real Estate & Population Migration
Jason Hartman and Investment Counselor Doug takes today's episode to discuss what's going on with the average FICO score across generations. The average FICO score is not something that Americans can be proud of, but it provides some serious advantages to real estate investors.
Then Jason and Doug highlight several Florida properties that are able to cash flow with new construction, which is something that is getting harder and harder to do in today's environment. Florida is becoming a bigger draw to those running away from high tax states, which is driving their real estate market.
[2:55] FICO scores are low across all generations
[6:18] You want a good credit score, not a perfect credit score
[10:40] Real estate takes about 8% in transaction costs
[16:05] Doug spotlights a Florida property
[19:43] Blogcast: How does inflation devour debt?
[23:39] Migration of residents will cause a shift in ownership in the old areas
[26:47] Real estate markets tend to expand and contract from the top
Nov 25 2019
Rank #5: 1340: Think & Grow Rich by Napoleon Hill & Success & Something Greater, Your Magic Key with Sharon Lechter
Jason Hartman takes a deep, deep dive into Napoleon Hill's work in today's show. We first start off dissecting the ideas that Napoleon brought out in his work Think & Grow Rich. Jason looks at various aspects of the book and how we can use them in our lives today and what power they have when used properly.
Then Jason talks with Sharon Lechter, former CEO of Rich Dad & Pay Yourself First and author of Success & Something Greater: Your Magic Key, about her experiences with both the Rich Dad company and the Napoleon Hill Foundation. Sharon provides unique insights into the impact both organizations have had on society today, as well as what she has discovered success means for various people.
[5:55] There's a lot more fulfillment in life available if we are not completely attached to the outcome
[10:22] Specialized knowledge has long been a must for true success
[14:49] The power of the mastermind is real and incredible
Sharon Lechter Interview:
[20:45] Napoleon Hill one of the original self-help authors?
[25:00] The different types of success Sharon saw while writing her latest book
[27:21] Why the man who sold the patent for the jet ski for $75,000 doesn't regret it
Dec 05 2019
Rank #6: 1358: 2019 Year in Review, Real Estate Market in 2020 & Collapse of Brands
Jason Hartman and Rabbi Evan Moffic take today to review "the best decade in human history". As 2019 ends and we look forward to 2020, Jason and Evan discuss how the real estate market has transformed since 2010. They also examine the mindset of investors that invested through the Great Recession. Lawrence Yun's expectations for 2020 are also dissected.
[3:16] We are wrapping up the best decade in human history
[6:48] What qualities did the people who invested in real estate through the Great Recession have?
[11:56] Lawrence Yun's 2019 real estate year in review
[15:50] Climate change has caused the Northwest Passage to open up, which is huge for shipping
[18:51] Yun's prediction for the housing market in 2020
[24:26] Will the flow of people to cheaper cost of living states continue in the 20s?
[29:34] The "Collapse of Brands"
Dec 31 2019
Rank #7: 1331 FBF: Core Causes of Economic Crisis with William D. Cohan NY Times Bestselling Author of ‘Money and Power’ & ‘House of Cards’
Today's Flash Back Friday comes from Episode 243, originally published in February 2012.
Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.
Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.
To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist.
Nov 22 2019
Rank #8: 1347: Mortgage Market, Home Flipping & Inventory Levels with Chris Mason
Jason Hartman starts today's show discussing the level of home flipping that's in the market right now. We're at a 7 year low, which means something in the marketplace today. It's important to accept today's landscape and figure out ways to invest in spite of that.
Then Jason talks with Chris Mason, mortgage broker, about what is happening in the mortgage market today, lending standards, and whether we're in danger of seeing another bubble burst.
[2:47] Home flipping isn't what it used to be, reaching a 7 year low
[8:02] We need to accept reality that inventory is tight and properties are more expensive
[11:25] The magic 2 words for a landlord
Chris Mason Interview:
[15:26] What increased loan limits mean for the mortgage market
[19:23] Are FICO scores really a good criteria for borrowers?
[22:16] Are financing rules getting too liberal again?
[26:15] Are interest only loans still available?
Dec 16 2019
Rank #9: 1337: Mortgage Rates, Interest Rates, Short-Term Rental Laws & Housing Starts
Jason Hartman and investment counselor Adam begin today's show discussing two important things for a real estate investor: laws and the future. First off is good news for those investors that are fighting laws that restrict the ability of property owners to run short-term rentals. Then Jason and Adam discuss some good housing news that could lead to a happy 2020 (at least for housing).
Then Jason talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that.
[4:17] The City of Austin lost a key case regarding short-term rental laws
[9:41] Make sure that you're not investing in a mania when you're looking at short-term rentals, and make sure your portfolio balance reflects that
[11:39] There's pre-demand in the housing market right now, which is a good sign for housing in 2020
Jason & Thomas:
[17:10] The Fed only indirectly influences mortgage rtes
[19:09] Why Thomas believes mortgage rates will go up in 2020
[21:20] The 2 Central Bank forces that will push inflation back up
[23:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply
Dec 02 2019
Rank #10: 1318: Important Economic Indicators, Wage Growth & Value of Mastermind Groups
Jason Hartman starts today's show discussing the importance of finding a group that brings out the best you possible. Sometimes that can cost a lot of money, sometimes it doesn't. Then Jason explores another story that illustrates the importance of Commandment #3.
Then Jason talks with Ali Wolf, Director of Economic Research at Meyers Research, LLC. Ali and Jason explore which indicators are important and which ones are just smoke and mirrors when you're examining housing markets and markets in general. No surprise, some of the big ones you hear about in the news aren't the most helpful.
[4:24] The value of a network
[6:44] Jason's gotten back into Tabatta Pro
[10:15] Under Armour is coming under investigation
Ali Wolf Interview:
[17:30] What indicators you should pay attention to and which you should ignore as an investor
[20:19] Wages in the US are going up, but wage growth minus inflation still doesn't give people a big enough raise to keep up
[24:58] Even with the bad things that are happening we're still in positive growth
Nov 05 2019
Rank #11: 1327: Taxes, Landlord Laws & Opportunity Zones by Steve Glickman, Chief Architect
Jason Hartman and real estate attorney Bob start today's show discussing the importance of taxes and how they can seriously impact your real estate investing journey throughout your life. They also discuss what makes a good investor and the direction of law when it comes to real estate.
Then Jason talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.
[4:33] The multiplier effect of moving to a place where your money is treated better
[9:37] Jason's prediction for the next thing landlords will be held accountable for under the law
[15:50] What good, talented lawyers for commercial properties always do
[19:18] Good investors act, but only because the deal is good, not because they have the money
[23:27] Taxes are like reverse amortization
[26:02] High taxes encourage bad investments
Steve Glickman Interview:
[28:14] There are now 8.766 Opportunity Zones across the US
[32:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?
[35:28] The 2 big factors in why zone based programs become unsuccessful
[37:16] What is the Opportunity Zone program?
[40:23] Will Opportunity Zones exacerbate gentrification?
Nov 18 2019
Rank #12: 1325: Senior Housing Investing, Appreciation & a Fed Induced Bubble with Ali Wolf
Jason Hartman and Rabbi Evan Moffic start off today's show discussing the major issue of senior housing. It's quite possible that it's been overbuilt and Jason and Evan discuss how you as an investor can take advantage of the aging at home trend.
Then we have a second part of Jason's extended interview with Ali Wolf, Director of Economic Research at Meyers Research, LLC., about wage growth, inflation, home appreciation and why interest rates have created some of the bubble that we find ourselves in.
[4:27] Senior housing may have been way overbuilt
[10:45] One of the biggest miscalculations with senior housing was that they thought 65 would remain "old"
[13:04] The way to take advantage, as an investor, of the increase in elderly people staying in homes then make sure you're including single story properties in your portfolio
[18:41] Jason's prediction on the future of Uber/Lyft/etc drivers
Ali Wolf Interview:
[20:26] Collective wage growth since 2015 is 13%, but inflation and home prices have gone up 25%, causing a widening gap
[24:51] Appreciation has slowed in most markets to the 2-3% range
[29:16] The only 2 markets that have seen have a lot of growth in sales in the past 2 years are Indianapolis and Phoenix
[32:01] Ali thinks the next downturn could be caused by a "Fed Induced Bubble"
Nov 14 2019
Rank #13: 1344: What's Next in the Economy & Repo Market with George Gammon
Jason Hartman talks with George Gammon, real estate investor, entrepreneur, investor and TV producer, about what's happening in the repo market and how that impacts the overall economy moving forward. The two address misconceptions about several aspects of investing and whether you should be happy or dismayed about certain aspects of the new Trump tax plan.
[3:50] Our longevity is going to be greatly changed in the next 20 years
George Gammon Interview:
[10:50] What is the repo market and why does it matter in the macroeconomic world?
[16:30] Money market funds are big players in the repo market
[19:05] The only "cheap" investment in today's economy is a 30 year fixed rate mortgage
[23:05] The new tax law has changed the way inflation is dealt with, and George doesn't think it'll be good long term
Dec 11 2019
Rank #14: 1320: Housing Scarcity & Fake News, Stonewalled, The Smear by Sharyl Attkisson
Before launching into his off-topic 10th episode show, Jason Hartman takes a minute to discuss a topic of real estate interest: the lack of homes available to homebuyers with a price point below $250,000.
Then Jason talks with Sharyl Attkisson, host of Sinclair Sundays, former CBS anchor and author of Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama's Washington, about today's atmosphere of fake news, online bullying and defamation, and how we can possibly combat them.
[4:17] Homes below 250k are starting to become extinct
Sharyl Attkisson Interview:
[9:50] With just a few Twitter accounts, smear operators can start an entire movement
[14:32] How do we reconcile a free but credible press when there are so many anonymous sources today?
[20:44] Journalists use to keep their political opinions to themselves, but now they're almost rewarded for it
[25:51] What should we make of the big tech companies censorship?
Nov 07 2019
Rank #15: 1357: Lumber Price Impact on Construction & Seven Figure Decisions, Having the Balls to Succeed, NV Real Estate Academy with Nick Vertucci
Jason Hartman and Investment Counselor Adam start today's show discussing what could happen to the cost of lumber and the cost of home construction based on the potential passage of the US-Mexico-Canada trade deal. With the deal already through the House and awaiting the Senate approval, it could have significant ramifications.
Then Jason talks with Nick Vertucci, author of Seven Figure Decisions and founder of NV Real Estate Academy, about Nick's journey through the real estate world after his tenure in the tech industry. Nick spills the details of his change and why he switched from selling and flipping to educating. The two discuss the downsides of real estate, but also the incredible rewards that can come if you stick with it, make decisions and keep moving forward.
[3:48] The US-Mexico-Canado trade agreement could have a big impact on real estate investors
[8:46] The price of lumber stabilizing would be fantastic for investors who are trying to figure out the cost of construction moving forward
Nick Vertucci Interview:
[14:10] Nick's journey from selling and flipping real estate to the education side
[20:38] Nick's first realization that he was making 7 figure decisions, and what true leaders all have in common
[23:40] Real estate isn't perfect, and it isn't easy, but it can bless you significantly
[27:22] Whether it's full or part time, have the entreprenuerial spirit and go create wealth
[29:15] Decision making is one of the most importan things a successful person has to have
Dec 30 2019
Rank #16: 1314: HELOCs, Home Buyers & McMansions with Millennial Marketing Guy Jeff Fromm
Jason Hartman and Adam begin today's show discussing Jason's first car and how he recently adjusted the price of his old cars to inflation. They also discuss what's going to happen to McMansions with the new generations coming and the impact of declining HELOC activity.
Then Jason finishes his talk with Jeff Fromm, the Millennial Marketing Guy, about Gen Z & Y. While the two generations are close in age, they are incredibly different when it comes to advertising and habits, so it's crucial that you understand the difference in the two.
[3:57] Adjusting things for inflation makes a world of difference when comparing
[7:46] The generation that's willing to give up the most to buy a home is Gen Z
[10:48] McMansions and Millennials
[14:03] HELOC activity being lower is a good thing for housing market stability
[17:36] The importance of skin in the game
Jeff Fromm, Part 2
[18:33] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences
[22:42] Will the Millennials and Gen Zers have interest in the McMansions that were built?
Oct 30 2019
Rank #17: 1334: Mortgage Rates, Fannie Mae Loan Limits & Increasing Property Values
Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall.
Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months.
[2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000
[7:03] Conforming loan limit increases generally lead to home price inflation
[10:54] The higher loan limit might impact hybrid markets more than cyclical
[14:57] Insights from Voxer messages left by listeners
[18:33] Technology is increasing the value of our properties
Adam Mortgage Minutes:
[24:57] Current rates for a $100,000 property with 20 or 25% down
[28:22] How might rates react if we see weakening in the economy that some are predicting in 2020?
[30:08] Mortgage starts don't seem to be slowing down for investors
Nov 27 2019